The price of Filecoin (FIL) has doubled in five days.
In fact, until March 13th it was below $45, while today it has jumped to almost $90.
This is not the all-time high price due to the fact that on the day it was launched on the crypto markets, October 15th, 2020, it went from $32 to over $144 in a matter of hours, with a very brief spike to as high as $209, according to data from CoinMarketCap.
However, on the same day, the price then dropped as low as $57 and has never since returned above $100.
So, not counting the absurd spikes on launch day in the crypto markets, the current price level is the highest ever, particularly as it has remained consistently above $70 since yesterday.
It is worth noting that 2020 closed with a price of $21, so in 2021 the price has increased by about four and a half times.
The first boom occurred between February 8th and 10th, when it went from $24 to $46, and then repositioned itself around $40. But starting on March 13th there was a new boom that took it up to over $80.
This boom also amazed Gemini co-founder Cameron Winklevoss who tweeted:
“Filecoin on an absolute tear right now!”.
Behind this leap is surely Grayscale, which has created a new Trust just for FIL, as well as for BAT, LINK, MANA and LPT.
In fact, the price of BAT and MANA, for example, has also risen a lot, while that of LPT has skyrocketed, and that of LINK has risen, but only slightly.
Filecoin, New Universal behind price increase?
However, there is also another important piece of news behind the Filecoin boom, namely the fact that the Chinese company New Universal (Newu), with $400 million in market capitalization, has announced that it wants to start mining FIL, with the aim of generating 119% of its 2019 revenue this way.